WisdomTree Bitcoin Fund (BATS:BTCW) Stock Price Down 3.3% – Here’s Why

WisdomTree Bitcoin Fund (BATS:BTCW) was down 3.3% on Thursday . The company traded as low as $72.24 and last traded at $72.51. Approximately 16,032 shares changed hands during mid-day trading, a decline of 70% from the average daily volume of 53,456 shares. The stock had previously closed at $74.99.

WisdomTree Bitcoin Fund Price Performance

The company’s 50-day simple moving average is $78.74 and its 200-day simple moving average is $97.51.

Institutional Investors Weigh In On WisdomTree Bitcoin Fund

A number of large investors have recently added to or reduced their stakes in the company. Jane Street Group LLC lifted its holdings in WisdomTree Bitcoin Fund by 522.1% in the 1st quarter. Jane Street Group LLC now owns 38,038 shares of the company’s stock worth $3,319,000 after buying an additional 31,924 shares in the last quarter. IMC Chicago LLC acquired a new stake in shares of WisdomTree Bitcoin Fund during the third quarter valued at about $2,808,000. LPL Financial LLC grew its stake in shares of WisdomTree Bitcoin Fund by 89.0% during the fourth quarter. LPL Financial LLC now owns 33,618 shares of the company’s stock valued at $3,116,000 after acquiring an additional 15,832 shares in the last quarter. Whitaker Myers Wealth Managers LTD. increased its position in shares of WisdomTree Bitcoin Fund by 45.4% during the fourth quarter. Whitaker Myers Wealth Managers LTD. now owns 26,307 shares of the company’s stock worth $2,438,000 after acquiring an additional 8,217 shares during the last quarter. Finally, Meitav Investment House Ltd. increased its position in shares of WisdomTree Bitcoin Fund by 28.9% during the third quarter. Meitav Investment House Ltd. now owns 24,851 shares of the company’s stock worth $3,014,000 after acquiring an additional 5,574 shares during the last quarter.

WisdomTree Bitcoin Fund Company Profile

The WisdomTree Bitcoin Fund (BTCW) is an exchange-traded fund that mostly invests in long btc, short usd currency. The fund passively mirrors the performance of Bitcoin, leveraging a Benchmark Rate for valuation. The fund does not engage in direct investment or management of the digital currency BTCW was launched on Jan 11, 2024 and is issued by WisdomTree.